“I just missed out on a house that I wanted. The sign says the house sold so Id like to find out the price. Can you find out for me?”
***ANSWER:
To paraphrase a recent president, it all depends on what the meaning of sold is.
Sold may mean that the buyer and seller just agreed on a price and will be opening escrow.
Sold may also mean when the deed is recorded and the escrow closes.
Agent are not supposed to tell you the sold price until escrow closes. Why?
Because if the sale cancels, the agent would have revealed what price the seller was willing to sell for, putting the seller at a disadvantage when negotiating with future buyers.
Its also a violation of the agents duty to the seller. But some agents will spill the beans and violate this duty.
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